Clay Riddell has been Chairman of the Board and Chief Executive Officer of Paramount Resources Ltd. since 1978. Until June 2002 he was also President of Paramount. He is also a director and Chief Executive Officer of MGM Energy Corp., Chairman of the board of Paramount Energy Operating Corp., a wholly-owned subsidiary and the administrator of Paramount Energy Trust, and a director of Alaris Royalty Corp.

Mr. Riddell graduated from the University of Manitoba with a Bachelor of Science (Honours) degree in Geology. He received the J.C. Sproule Memorial Plaque from the Canadian Institute of Mining (1994), the Stanley Slipper Gold Medal from The Canadian Society of Petroleum Geologists (1999), an Honorary Doctor of Science degree from the University of Manitoba (2004), and Outstanding Explorer award from the American Association of Petroleum Geologists (2004). In 2006, Mr. Riddell was inducted to the Calgary Business Hall of Fame and in 2008 he was made an Officer of the Order of Canada.

Jim Riddell has held the office of Chief Executive Officer of Trilogy since inception in 2005. He was also President until May, 2010. He joined Paramount Resources Ltd. in 1991 and has been a director and President and Chief Operating Officer of Paramount since 2002

Mr. Riddell is also a director and Executive Chairman of the Board of MGM Energy Corp, a director and Vice Chairman of Big Rock Brewery Income Trust and a director of Canadian Superior Energy Inc.

Mr. Riddell graduated from Arizona State University with a Bachelor of Science degree in Geology (1989) and from the University of Alberta with a Master of Science degree in Geology (1993).

Mick Dilger is Chief Operating Officer of Pembina Pipeline Corporation since November 2008. He joined Pembina in March 2005 as Vice President, Business Development. Prior thereto, Mr. Dilger was the Chief Financial Officer of VISTA Midstream Solutions Ltd. from 1999 until July 2003 and held a broad range of senior executive positions with NOVA Corporation and TransCanada Pipelines from 1994 to 1998.

Mr. Dilger graduated from the University of Calgary with a Bachelor of Commerce degree in 1986 and has been a chartered accountant since 1989.

Don Garner is a professional engineer and oil and gas professional with 29 years experience in the upstream petroleum industry prior to becoming an independent businessman in June 2008. Mr. Garner was the Chief Executive Officer and advisor to TAQA North, successor to PrimeWest Energy Trust where he was the Chief Executive Officer from 2003 to 2007 and President and Chief Operating Officer from 2001 to 2002. From 1998 to 2001, Mr. Garner was President and Chief Operating Officer of Northstar Energy Corporation. Prior to 1998, he spent nineteen years in various capacities with Imperial Oil Limited, ultimately as the executive responsible for the Oil Sands Business Unit.

Mr. Garner graduated from the engineering faculty of the University of Saskatchewan in 1979 with a Bachelor of Science in Mechanical Engineering.

Wilf Gobert has been an independent businessman since May 2006. Prior to that, Mr. Gobert was with Peters & Co. Limited since August 1979, as Managing Director from August 1979 to September 2002, at which time he assumed the role of Vice Chairman until his retirement in May 2006. He had been an equity analyst since January 1973 and an oil industry financial analyst since 1976.

Mr. Gobert is a Chartered Financial Analyst and holds a Bachelor of Science degree (Mathematics) from the University of Windsor, Ontario (1971) and a Master of Business Administration from McMaster University, Ontario (1976). He is a Senior Fellow, Energy Studies, Centre for Energy Policy Studies with The Fraser Institute. In 2008, he was named the Chairman of the Board of Calgary Economic Development.

Bob MacDonald is an independent businessman and corporate director. Prior to that, Mr. MacDonald was an oil and gas banking professional. Mr. MacDonald has seven years experience as a corporate director and 27 years experience as a senior officer of several Canadian chartered banks, including 18 years in Alberta and nine years in the United States. He has expertise in oil and gas banking/financing, having handled and provided advisory services on strategic alternatives for senior and bridge debt structuring, project financing, mezzanine debt structuring, portfolio Management, financial analysis and loan re-structuring. From 1998 to 2003, he was a Director, Oil & Gas, Commercial Banking with CIBC World Markets Inc. From 1993 to 1998, Mr. MacDonald was Vice President, Oil & Gas Group with CIBC.

Mr. MacDonald graduated from the University of Saskatchewan (Regina Campus) in 1975 with a Bachelor of Business Administration degree (major in Economics and Finance and minor Accounting). He is a Fellow of the Institute of Canadian Bankers and has completed the academic requirements for the Director Education Program of the Institute of Corporate Directors. He is also a director of Newalta Corporation.

Mitch Shier is General Counsel, Corporate Secretary and Manager, Land of Paramount Resources Ltd., which he joined in November 2008. From 2002 until January 2009, Mr. Shier practiced oil and gas and commercial law as a partner with Heenan Blaikie LLP and remains counsel to that firm. Prior to 2002, he practiced as a partner with other major law firms in Calgary. He has more than 25 years of legal experience with an emphasis on mergers and acquisitions and energy and environmental law.

Mr. Shier obtained his Bachelor of Science degree from the University of Calgary in1981, his Bachelor of Laws from the University of Alberta in 1984 and his Master of Laws in Environmental and Natural Resources Law from the University of Calgary in 1994. He is currently on the board of directors of Alaris Royalty Corp. and the Society for Energy and Environmental Development Studies.

Don Textor is Portfolio Manager at Dorset Energy Fund and Partner with Knott Partners Management LLC in New York. Until 2001, Mr. Textor was a partner and managing director of Goldman Sachs, where he was senior security analyst for domestic integrated oils and exploration and production companies. Prior to joining Goldman Sachs in 1980, he was an oil analyst with First Boston.

Mr. Textor graduated from Lehigh University in Bethlehem, Pennsylvania with a Bachelor of Arts degree in International Relations. He serves on the Board of Directors for EOG Resources, Inc., one of the largest independent oil and gas producers in the United States, and is a member of EOG’s Audit Committee and Compensation Committee. Mr. Textor is a member of the National Association of Petroleum Investment Analysts.